BNGE - ETF AI Analysis

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First Trust S-Network Streaming and Gaming ETF (BNGE)

Rating:64Neutral

Price Target:―

BNGE’s rating suggests it is a reasonably solid but not top-tier ETF, reflecting both attractive growth opportunities and some notable risks in the streaming and gaming space. Strong contributors like Disney, Tencent, Netease, and Sony support the fund with solid financial performance, positive earnings calls, and strategic growth in gaming and media. However, weaker spots such as Take-Two and Flutter, which face profitability, cash flow, valuation, and regulatory challenges, along with the fund’s focus on a single theme (streaming and gaming), add risk and help explain why the overall rating is not higher.

Positive Factors

Targeted Exposure to Streaming and Gaming

The ETF focuses on companies tied to streaming and gaming, giving investors direct access to a growing entertainment niche.

Global Diversification

Holdings spread across the U.S., Asia, Europe, and Australia help reduce reliance on any single country’s market.

Leading Industry Names in Top Holdings

The fund’s largest positions include well-known global media and gaming companies, which can benefit if the sector strengthens over time.

Negative Factors

High Expense Ratio

The fund charges relatively high annual fees, which can eat into returns over the long term.

Recent Weak Performance

The ETF has shown weak performance over the past month, three months, and year to date, signaling recent headwinds for the strategy.

Concentrated Sector Exposure

Most assets are in communication services and consumer cyclical stocks, making the fund sensitive to downturns in these specific areas.

BNGE Historical Chart

AUM6.94M

RegionGlobal

Expense Ratio0.70%

Beta1.01

IssuerFirst Trust

Inception DateJan 25, 2022

Dividend Yield1%

Asset ClassEquity

Index TrackedS-Network Streaming & Gaming Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume1,739

30 Day Avg. Volume2,661

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

46.03

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering45

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

BNGE Summary

BNGE is the First Trust S-Network Streaming and Gaming ETF, which follows the S-Network Streaming & Gaming Index. It focuses on companies tied to video games, eSports, and online streaming, aiming to benefit from the growing time and money people spend on digital entertainment. The fund holds well-known names like Nintendo, Disney, Sony, Netflix, and Roblox, giving investors a simple way to invest in this theme without picking individual stocks. Someone might invest for long-term growth and global diversification within gaming and streaming. A key risk is that it is heavily tied to entertainment and tech trends, so its price can swing a lot.

How much will it cost me?The expense ratio for the First Trust S-Network Streaming and Gaming ETF (BNGE) is 0.7%, which means you’ll pay $7 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a niche sector like video games and eSports, which requires specialized research and management.

What would affect this ETF?The BNGE ETF could benefit from the growing popularity of gaming and streaming platforms, as well as advancements in technology that enhance user experiences. However, it may face challenges from regulatory changes in key markets, economic downturns that reduce consumer spending on entertainment, or increased competition within the gaming and streaming industries. Its global exposure and focus on companies like Roblox, Netflix, and Nintendo position it well for growth but also make it sensitive to international market conditions.

BNGE Top 10 Holdings

BNGE is a pure play on global streaming and gaming, with most of its firepower in communication services names. Kuaishou has been one of the few bright spots lately, quietly rising and helping offset the slump. In contrast, big franchises like Nintendo, Sony, and Take-Two have been losing steam, weighing on returns, while Netflix’s recent slide hasn’t helped sentiment around streaming. With major positions spread across the U.S., Japan, and China, the fund is thematically focused but geographically diversified, making it a concentrated bet on digital entertainment’s future.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
1024	Kuaishou Technology Class B	5.20%	$363.92K	HK$319.34B	61.12%	71 Outperform
7974	Nintendo Co	4.84%	$338.60K	¥10.45T	-15.23%	63 Neutral
EA	Electronic Arts	4.77%	$333.90K	$49.26B	66.09%	70 Outperform
WBD	Warner Bros	4.65%	$325.37K	$66.99B	166.83%	68 Neutral
0700	Tencent Holdings	4.60%	$321.88K	HK$5.04T	34.42%	75 Outperform
SPOT	Spotify	4.40%	$307.69K	$90.70B	-23.77%	66 Neutral
9999	Netease Inc	4.38%	$306.57K	HK$589.19B	21.00%	80 Outperform
DIS	Walt Disney	4.38%	$306.35K	$189.64B	-8.01%	75 Outperform
NFLX	Netflix	4.37%	$306.13K	$338.45B	-19.65%	73 Outperform
RBLX	Roblox	4.37%	$305.75K	$44.27B	-16.43%	51 Neutral

BNGE Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

37.16

Negative

100DMA

38.25

Negative

200DMA

36.77

Negative

Market Momentum

MACD

-0.94

Positive

RSI

14.54

Positive

STOCH

4.14

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BNGE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 36.21, equal to the 50-day MA of 37.16, and equal to the 200-day MA of 36.77, indicating a bearish trend. The MACD of -0.94 indicates Positive momentum. The RSI at 14.54 is Positive, neither overbought nor oversold. The STOCH value of 4.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNGE.

BNGE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BNGE	―	―	$6.94M	0.70%	―
VEGI	―	―	$99.76M	0.39%	―
HERO	―	―	$94.40M	0.50%	―
GAMR	―	―	$40.60M	0.59%	―
NERD	―	―	$17.83M	0.50%	―
ODDS	―	―	$4.19M	0.51%	―

Performance Comparison

BNGE

First Trust S-Network Streaming and Gaming ETF

33.09

2.96

9.82%

VEGI

iShares MSCI Global Agriculture Producers ETF

―

HERO

Global X Video Games & Esports ETF

―

GAMR

Amplify Video Game Leaders ETF

―

NERD

Roundhill BITKRAFT Esports & Digital Entertainment ETF

―

ODDS

Pacer BlueStar Digital Entertainment ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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